#388: He turned $500 in $100,00 in sales on Amazon very quickly

Silent Sales Machine Radio

Jim Cockrum

Onlineincome, Ecommerce, Business, Fba, Entrepreneur, Entrepreneurship, Provenamazoncourse, Careers, Amazon

4.8 • 805 Ratings

🗓️ 2 September 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's guest is a ProvenAmazonCourse.com student with a young family who also works full-time at his "day job" career. He was determined to see what he could do with just $500 invested into an Amazon business following our model in his spare time. He was quickly blown away by what he found in this model, so he used some of his profits to jump into our JimCockrumCoaching.com program. Bottom line, within 8 months while working full time at hs "real job" he'd sold $100,000 in his spare time, and he's expecting to hit $250,000 for his first calendar year - all using the original five hundred dollars and just rolling over his profits! Expected net/net margins for his first year are on track to be well over 20%.

Today's guest: James Miller

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Transcript

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0:00.0	Hey, business building warrior. This is Jim. Today we turn on the video cameras, if you're listening on your favorite podcast app. It's another one of those episodes where you can go to the show notes and see a link to YouTube. If you want to watch on the screen, no reason to. Today, it's just two guys hanging out talking Amazon business. It's another proven Amazon course student who also
0:22.5	jumped into our coaching program. He jumped in about April, and here we are in the middle of
0:27.1	August. For the year, he sold about $100,000 at about a 24% net net, which is pretty
0:35.4	incredible. That's the business he's built. He has a goal to sell about
0:38.7	a quarter million this year, his first full year, quarter million, a great margins. His ROI is
0:45.6	60% or better on most of his items. We've taught him how to go into retail stores and find products
0:51.7	all around him that he can sell at a great profit.
0:55.0	Here's probably the best part of this store. He started with just $500. Now, he's a numbers guy.
1:00.5	This actually works. This guy actually works. James works in finance. He helps other businesses with
1:05.5	their financial decisions. He follows the numbers very well. He was determined to stick with that original $500 investment, and that's exactly what he's done.
1:13.6	He's never put another penny in.
1:15.4	He actually bought his coaching with that money as well.
1:19.0	He invested in coaching.
1:20.8	So he's started with five, never put any more money in, and he's got a beautiful business that he's built.
1:26.6	So for those of you who are
1:27.7	maybe saying, I don't have the money to get to start an internet business or to launch an
1:31.6	online sales business, today James tells you exactly how he did it. Now, to be fair, to be transparent,
1:37.7	he did leverage some 12-month zero-interest credit card. He used that a little bit for some of
1:44.0	his inventory once he was
1:45.2	very well established and confident that he could turn $10 into $20 over and over and over again.
1:50.9	That's when he leveraged a little bit of credit. But it's a beautiful story, plenty of very
1:56.8	practical tips and strategies. This is a guy who's working full-time. I didn't mention that
	...

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